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Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the week gave slim hopes that the market may recover faster than anticipated. The Capesize 5TC lifted +402 to close the week out at $2394. Market troubles have been well brewed this year. With a concoction of interrupted cargo supplies, vessels racing on cheap bunkers, weather events, and demand destruction amid the Covid-19 pandemic, the market is in need of a positive. The iron ore stockpile situation in China has inventories dropping sharply, which will surely require tonnage. Half way through Q2 – and with many economies looking to re-open – there is talk of infrastructure spending to rekindle the flames, which will again require iron ore. While not an immediate relief, prospects are not all bleak. The West Australia to China C5 closed up +.314 to close the week at $3.942. While the Brazil to China C3 was heard to be better bid closing out the week up +.28 settling at $6.975.
Panamax
Rates in the Atlantic came under severe pressure this week. Sizeable losses on the respective routes, with absent mineral demand and long tonnage counts alleviated by ballaster numbers from the East in recent weeks, only compounded a bleak situation. Asia appeared to resist the negative sentiment emanating from other areas. There was a healthy volume of fresh enquiry and volume of fixtures, with the North Pacific seeing a steady flow of enquiry. However, minerals from Australia and Indonesia were the more dominant. End-week rates here were looking softer in most areas. EC south America saw healthy levels of fixing throughout the week but index-type tonnage by Thursday were only capable of achieving sub $11,500 + $150,000 numbers delivery at the port with a ballast bonus. NoPac rounds in the pacific hovered around the $6,000 for 82,000dwt, whilst the median rate for shorter Indonesian round trips lent towards the $5,000 mark.
Supramax/Ultramax
With a few areas in the world slowly getting back to a ‘new normal’, demand on the Ultramax/Supramax size increased. However, this split into two main camps with the Atlantic overall still soft, whilst from Asia and the Indian Ocean activity levels and rates increased. Little was reported on period activity. But a 56,000-dwt open Kandla was failed for five to eight months trading in the high $5,000s for the first 40 days – and $8,000 thereafter. From the Atlantic, east coast South America lacked enquiry with Supramax being fixed in the $4,000s for transatlantic runs. The east Mediterranean / Black Sea saw increased activity with cargo and tonnage being a little more balanced. All Asian routes gained ground during the week, a 55,000 open Iligan fixing at $6,500 via Indonesia redelivery India. The Indian Ocean had pent up demand, with a 63,000 fixing delivery South Africa for a trip to the Far East at $11,000 plus $150,000 ballast bonus.
Handysize
Midweek, the BHSI reached its lowest point of the year, with the same level last seen in early March 2016. The downward momentum in the Atlantic remained in all key areas. However, positive sentiment gained pace in the Pacific, with better rates discussed and more activity appearing in general. A mid/large Handy vessel was fixed from the north coast South America for a trip to the Far East at a rate close to mid $7,000s. A 37,000-dwt was fixed from Norfolk for a trip to the Continent/Baltic and a 33,000-dwt was fixed from Southwest Pass for a trip to east Mediterranean both at $2,500. In the East, more logs cargoes from New Zealand lent support and put vessels in Southeast Asia in demand. A 33,000-dwt open spot in CJK was fixed at $3,500 for a trip to Southeast Asia.
Source: The Baltic Briefing
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Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
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- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
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